Total profit at the practice for 2013/14 was £459m, up 14 per cent on the year before. In 2012/13, the results were very different, as income fell 2.5 per cent. Global managing partner Matthew Layton said of the new figures: ‘These are a strong set of results. They reflect the definite uptick in transactional markets we saw starting in the US over a year ago, and which has since extended to Europe and Asia Pacific. Market and corporate confidence is just part of the picture; we are also benefiting from our long-term strategy of investment in the geographies and areas of expertise that are most important to our clients. These more recent additions to the firm's offer are performing well, alongside our more established practices.’ Source: Legal Business